Follain, James R.; Giertz, Seth H. - In: Journal of Housing Economics 20 (2011) 2, pp. 101-119
The focus of this paper is on the house price stress test (termed ALMO) that was designed to assess the fiscal strength of Fannie Mae and Freddie Mac and, if necessary, to trigger remedial action in order to avert a crisis. We assess whether the ALMO stress test was an adequate representation of...
